Online casinos offer several different types of bonuses and promotions. Players can use these promotions to boost their bankroll, which in turn improves their chances of winning. If you want to maximize your chances of winning, then you should maximize the value you get from bonus offers like those described below.
Understanding Terms and Conditions
Before you can take advantage of any bonus, you need to know about the typical terms and conditions that come with these deals. First off, a bonus will typically have wagering requirements or play-through requirements (also known as a rollover) that have to be completed before you can cash out. This is typically a multiple of the bonus and/or deposit that you'll have to wager in total before you can request a withdrawal, though it depends on the specific offer. Second, you can have a cashable bonus, which allows you to cash out the actual bonus amount itself once the playthrough is cleared, or you can have a non-cashable bonus that does not allow you to cash out the original bonus amount. This covers the majority of terms and conditions that you might need to know for these offers.
Welcome Bonus Packages
A welcome bonus or package of bonuses will be available to players who first start out at an online casino. These deals are typically of a higher match percentage than other specials, and they can be spread across several deposits. For example, you may get a bonus on your first three deposits separately.
No Deposit Bonuses
One specific type of offer that's often given to new players at a casino is a no deposit bonus. This is essentially a free credit to your account that you can use to play certain real money games. While you can use this offer to test out the software of any particular casino site, you can also use it to run up real money winnings without having to risk an actual deposit. These are also called "free play bonuses" sometimes, but they shouldn't be confused with another style of "free play promotion," which is detailed below.
Bonuses With a Match Deposit
A deposit match (or match deposit bonus) is a type of bonus offer where your deposit is matched based on a certain percentage. For example, a 200 percent bonus on a deposit of $75 would be worth $150 on top of the size of your deposit. This is the most popular format for bonus offers out there in today's online casino market, but other formats also exist.
Casino Reload Bonus Offers
When it's time to top up your bankroll after you have already taken advantage of the welcome package, you're going to want to use a reload bonus. These are bonus offers designed to help you reload or top off your already existing bankroll at an online casino after the welcome package of bonuses is exhausted. They typically come on a regular basis with a schedule that's easy to predict so that you know when to have the funds ready for a deposit to take advantage. Though this schedule will vary from casino to casino, you can usually find more details on the nature of that schedule by checking out the promotions page for the casino that you play with.
Another form of promotion is a cashback reward, and while it can function like a bonus, the way it's determined is a lot different. Over a given period of time, your net wins and losses will be totalled. If you end up with total net losses, then you'll get back a pre-set percentage of those losses as a cashback bonus that gives you a second chance to win at your favourite games.
Free Play Offers
A free play deal is like a no deposit bonus to a degree, but you typically don't get to keep your original bonus amount. Instead, you'll be keeping any winnings on top of your original starting bonus amount. Along these lines, it's not uncommon for casinos to give outrageous free play offers in the range of $1,500 since players won't be keeping the original amount, and they come with a maximum cashout in the range of $50 to $100. This is really what sets a "free play offer" or "free play promotion" apart from a typical free play bonus because you don't actually get to keep the bonus amount. Instead, it's used to generate an amount of winnings that's small compared to the amount you get to play with.
A twist on the free play offer is a set of free spins. The way this works is that you'll be given a number of free turns on a selection of online slots, and then you can either cash out your winnings or use them as a bonus. The terms and conditions on free spin offers probably vary on a wider level than any other type of casino promotion, so make sure you read up on the fine print before you take advantage of these offers.